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I Received an IRS Form 433-F. What Should I Do Now?

On: May 16, 2023

Receiving a notice from the IRS is not something you want to take lightly, especially when the IRS is asking you for documentation or telling you that you owe them money. If you have received a notice in the mail from the IRS and need to know what it means or how to proceed, turn […]

Representation Before the California Franchise Tax Board

On: May 10, 2023

Where can I find someone to represent me?  If you are in California, or outside of the state, you can find experienced and qualified representatives to represent you before the California Franchise Tax Board.  One company located in California is the Leading Tax Group where you can work with a former IRS attorney who can […]

What You Need to Know About Cryptocurrency and Taxes

On: May 6, 2023

As cryptocurrency rises in popularity, so does the enforcement of taxes by the IRS. The IRS has been ramping up its efforts to crack down on cryptocurrency tax fraud and the number of audits involving crypto continues to rise. Making sure that you file your taxes correctly is more important than ever, especially if you […]

Unreported Crypto Income and Taxes

On: May 3, 2023

Why is unreported Crypto Income important to the IRS?  The reason that unreported crypto income is important to the IRS is because you can be charged with avoiding income taxes and be sent to prison and pay restitution. Taxpayers transacting in virtual currency are required by law to report those transactions on their tax returns. […]

Could You Be Held Liable for Trust Fund Penalties?

On: April 26, 2023

How should an employer handle payroll matter in their company? Employers can handle this process themselves internally through their own payroll department, or they may use a remote or outside vendor who provides the payroll services to the employer. This outside vendor or remote payroll servicer may be in the same state or across country. […]

Help! I can’t pay my taxes in full. What do I do now?

On:

If you already know that you won’t be able to pay your tax bill in full, you may be panicking at this very moment. Failing to pay your taxes can result in both fines and criminal charges. The good news is that you do have options available to you that can help you stay on […]

The Basics of an Installment Agreement with the IRS

On: April 19, 2023

What are the basic elements of an Internal Revenue Service installment agreement? As a taxpayer who finds that you are not able to make full payment of the federal income tax due on or before the annual due date, you may need an installment agreement. There is an individual and business payment plan available, but […]

Do I Qualify for Currently Not Collectible Status?

On: April 16, 2023

Not being able to pay your bills can have a negative effect on you. Constant stress and worry over your financial situation are overwhelming and lead to a decline in the quality of your life.  Receiving a large tax bill from the IRS can cause you additional worry, further financial strain, and extra stress that […]

Should I File Due IRS Tax Returns?

On: April 12, 2023

What are the basic elements of an Internal Revenue Service installment agreement? As a taxpayer who finds that you are not able to make full payment of the federal income tax due on or before the annual due date, you may need an installment agreement. There is an individual and business payment plan available, but […]

What You Need to Know About Marijuana Tax

On: April 6, 2023

As marijuana and its legalization of it becomes more prevalent, the IRS and state departments are making sure to release guidelines about the taxing of the industry. As with any new tax rules and regulations, it can be quite confusing, but, as a business owner, you are responsible for making sure your taxes are done […]

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